Coffee futures prices fell again when the Reais Brasil copper weakened and the increasing fear of covid-19 disease threatened global consumption …
Robusta London T5 / 2021 chart session on April 1, 2021
At the end of the last session of the week, Robusta coffee prices on ICE Europe – London continued to decline for the fourth session. May spot futures dropped another 17 USD, down to 1,325 USD / ton and July futures dropped another 16 USD, to 1,350 USD / ton, the very significant decreases. Trading volume above average.
In contrast, Arabica coffee prices on the ICE US – New York floor fell again. May spot futures fell 1.9 cents, down 122.6 cents / lb and July futures fell 1.85 cents, to 124.55 cents / lb, the decline is very significant. Trading volume maintained very high above mGermany medium.
The price of coffee beans in the Central Highlands provinces decreased by 200-300 VND, down to fluctuating in the frame of 31,500 – 31,900 VND / kg.
Export Robusta coffee price type 2, 5% broken black, stood at 1,410 USD / ton, FOB – HCM, with a plus difference at 50-60 USD / ton in term of July in London.
Reais copper plummeted 1.45%, exchange rate at 1 USD = 5,7110 Reais due to correction after yesterday’s strong rally and rather long pre-Easter caution amid rising disease. .
Two-floor coffee prices continued to decline due to the adjustment to liquidate the positions of speculators in the face of the instability of the financial market, especially the bankrupt hedge fund Archegos, which involved many large banks. world.
Meanwhile, many countries around the world, the long Easter holiday also makes many investors on derivative markets liquidate their positions to avoid risks.
Notification:
- Today April 2, 2021, Good Friday, markets are closed, closed all day without trading.
- Monday, April 5, 2021, Monday After Easter, London Exchange is closed for the whole day without trading, New York Stock Exchange is open late.
English (giacaphe.com)
